House GOP Looks To Abolish IRS, Replace Income Tax With Consumption Tax

I'm already income tax exempt. I wonder how this would affect the way I do things.
Hopefully, this would do away with the status of US citizen/person. If they do away with the IRS who would do the bookkeeping and collection for
United States Inc? I suppose they could just zero out the books and start over but that wouldn't get rid of the corporation that is holder of the
property known as US citizen. We'll have to wait and see. www.abovetopsecret.com...

Originally posted by DarthMuerte
The fairtax will never pass, even though it is exactly what we need. Get rid of all other taxes(at the federal level) and implement this system. No
irs, no obama care tax, it can all be gone. It would be the biggest shift of power going toward the people and away from government since the articles
of confederation after the American revolution. Our politicians will never allow it to pass.

You're right, they won't let it pass. Unless they have some other dirty plan up their sleeve.
You don't have a lawful government. It's a corporation. Your politicians don't represent you. They are only trustees for the US bankruptcy of 1933.
United States is a foreign-owned, bankrupt corporation that rules over it's subjects--US citizens. I got out. I'm an American again.

Originally posted by jimmyx
bill gates made 208,333,000 million dollars a day in 2011, if he spent 2,000 thousand dollars everyday of the year to live on, that's all he would be
taxed on. the other approx. 207,000,000 million dollars a day, everyday, no taxes!....sweet deal

edit on 7-1-2013 by jimmyx because: (no reason
given)

are you serious? i just did some googling and apparently he has a lot of his info on the net!

He spent (before) $30,000 a month on electricity alone, in his house! I bet he's spent more money on that than everything in your house.

Mega rich using US banks to hold their money? haha best one I've read today. We just need massive cuts; this funny thing happened during one
debate...Romney; the government doesn't create jobs...Obama the government doesn't create jobs. Um; so there is no such thing as federal employment?
Sure when you are paid with taxes...I suppose; but that pay goes back into the private sector...but it is still a job, created by the government, who
created the military and every other government institution? Government. So; yeah...think about that.

Originally posted by DarthMuerte
The fairtax will never pass, even though it is exactly what we need. Get rid of all other taxes(at the federal level) and implement this system. No
irs, no obama care tax, it can all be gone. It would be the biggest shift of power going toward the people and away from government since the articles
of confederation after the American revolution. Our politicians will never allow it to pass.

so...if a person makes 10 million a year, but only spends 1 million a year...he is taxed on 10% of his income
and...if a person makes 50 thousand a year, and spends 45 thousand...he is taxed on 90% of his income

I see where you are trying to go with this, but is the 45K really necessities? The guy making 10 million a year needs the same necessity as the guy
with 50K a year: food,water,shelter,etc. So if you want to stick it to the man just buy the necessities and skip the 85" OLED tv coming out this
year. Hence the real reason why they will never let this pass. The coporate gov't / economy that we have needs to have good spenders and not savers
in order to survive.

Originally posted by jimmyx
bill gates made 208,333,000 million dollars a day in 2011, if he spent 2,000 thousand dollars everyday of the year to live on, that's all he would be
taxed on. the other approx. 207,000,000 million dollars a day, everyday, no taxes!....sweet deal

edit on 7-1-2013 by jimmyx because: (no reason
given)

Yea. Imagine that. He has a right to retain the fruits of his labor, not the government.

I worry less about how someone else is taxed, and more about how I am taxed. It is my mentality of not worrying about everyone else.

What is right is right. Even if you do the logic behind it and find that it may not work out so well for you. Right is still right.

Lets quit talking about what if's. Get some real data.

Once you see how the wealthy purchase items as tax shelters, then write off the losses
as "depreciation", you will see that the simple scenario you are putting forth doesn't play out.

LOL, like Bill Gates would live on 2k a day.

edit on 7-1-2013 by bigfatfurrytexan because: (no reason given)

While poor suckers have to pay taxes on 100% of the money they come across every year!

Here in Australia we got the 'Goods and Service Tax' about 10 to 15 years ago. When it was implemented it did abolish about 15 to 20 other taxes at
the time, but income tax was not one of them and still remains. Basically, if your business turns over more than $75 000 per year then you are
required to account, receive and pass on monies on behalf of the tax department, 10% of the transaction with some exceptions on essential items.

With the US National debt something needs and will be done one way or another. At the moment this massive debt is giving the banks massive amounts of
spending money as it is leveraged in the markets. This does cost the public heaps as tax revenue is having trouble just covering the interest
repayments. How the pool of money generated from a consumption tax is managed and spent will be another big argument, as it does centralize a lot of
power that can be used for good, evil or just wasted.

In thinking and discussing this matter do not just think about the direct impact on you, but also the impact on your country and the rest of the
world. Until things happen there are still options.

the wealthiest person I have ever met got his first several billion by finding some tax loopholes that could be claimed in arrears on behalf of an
entire industry. he has the kind of power that is scary.

I can guarantee you that people who are like him....they will guarantee that this doesn't happen. And if it does, it will be rigged in their favor.
As we have seen in recent years, it is corporations who get our write our laws. Corporations such as the richest man I have ever met.

The Communist Manifesto - plank number 2:
2. A heavy progressive or graduated income tax.
1 & 3-9 I believe are done, too.
I'd say all the planks are laid. Just need the dick-tater.
Oh, that's right, HJR 15, I believe it is, should take care of that pesky voting problem. No more two term presidency. The Servant and his family get
multi-million $$ vacations for life. Sounds like a King, oh wait......
Happy July 4th Independence Day.

This would only tax you on new purchases. Give incentive for businesses to move their factories back here, creating more jobs. Force illegals to pay
tax. Poor people are exempt. And best of all, I see all my $$ in my check every week. This is way too smart, which is why it will never be
passed.

I recorded a UCC-1 Financing Statement. Gave my employer a copy. I pay no income tax. I'd be willing to bet that Bill Gates, and those in the
uber-rich category, did the same thing. Their corporations can write off expenses, and if they themselves are tax exempt, that would be quite a
wind-fall. The only way to stop a "rich guy" is to not buy what he produces.

Some states ALREADY pay consumption tax - Texas for instance. We pay 8.25 percent on every dollar we spend, except for food and medicine. We also pay
taxes on all utilities and all services. A consumption tax would tax everything at 20 percent or more in this backassard state! People will stop
buying. The economy would fail. Yeah! Great idea, let's collapse the economy!

The IRS will never be abolished because they are the collection agency for the FED. The dirty little secret that the vast majority of Americans are
unaware of is that every dime collected by the IRS goes to the FED and not to run the country.

The FairTax Act, from Rep. Rob Woodall (R-Ga.), would abolish the 16th Amendment, which was ratified 100 years ago this February. That amendment
gives Congress the power to impose income taxes without having to spend the revenues evenly among the states.

this is really big news right here.
it is in line with the closing of the fed and nesara [the real one] and the one peolple's trust and the vaticans' problems hinted in the news.

RIGHT ON !!! ATS IS WAKING UP TO THIS

I recall hearing about the fairtax back in 2005. I've been hooked to the concept ever since! It has been heavily researched since 1995, and has over
70 economist who have endorsed it. However, I don't see the IRS going away that easily. It would take some srs dedication by the republicans, and at
this point, they would have to have democrat votes to enable its passage (at this point).

However, I will say this, the fairtax being openly debated like this as a possible part of the republican party platform is a HUGE development
compared to where we were on this debate way back in 2005. So that is a positive imo. It looks like some people are beginning to look into it a bit
more. Which will go a long ways in giving essential support.

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